Our comprehensive research on the Global Cancer Gene Therapy Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global cancer gene therapy market size was US$ 1.74 billion in 2021. The global cancer gene therapy market size is forecast to reach US$ 12.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 24.3% during the forecast period from 2022 to 2030.
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Cancer is a term used to describe a group of diseases characterized by abnormal cell proliferation that has the potential to infiltrate or spread to other parts of the body. Cancer has a high proclivity for spreading throughout the body. It is the world’s second-leading cause of death. Cancer gene therapy is a strategy for treating cancer that involves inserting therapeutic DNA into the patient’s gene. A treatment in which the mutant gene replaces by a healthy gene or the deactivation of a gene whose function is improper are examples of cancer gene therapy procedures. There is a new strategy for fighting cancer cells that involve the delivery of new genes into the body.
Factors Influencing Market Growth
- Among the factors driving the global cancer gene therapy market include rising funding for R&D in the activities of cancer gene therapy and increasing cancer cases.
- The promising government rules for therapy are forecast to offer lucrative growth opportunities for the global cancer gene therapy market during the forecast period.
- A significant factor anticipating the global market growth is the low risk of cancer gene therapy, as a new gene can introduce and integrate into the patient’s genome without interfering with the activities of other genes.
- The cost of gene therapy is expensive, and illusions of immunity may slow down the overall market growth.
Leading Competitors
The leading prominent companies profiled in the global cancer gene therapy market are:
- Bristol Myers Squibb Co.
- Novartis
- Amgen Incorporated
- GlaxoSmithKline PLC
- Kayropharma Therapeutics
- Gilead Sciences
- Adaptimmune Therapeutics plc (ADAP)
- Genulex Corporation
- SynerGene Therapeutics
- Shanghai Sunway Biotech Co. Limited
- Other Prominent Players
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The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Cancer Gene Therapy industry experienced notable growth in its workforce. Starting in January, employment within the Cancer Gene Therapy sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Cancer Gene Therapy output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Cancer Gene Therapy output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Cancer Gene Therapy market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Cancer Gene Therapy market.
Scope of the Report
The global cancer gene therapy market segmentation focuses on Therapy, End-User, and Region.
Segmentation based on Therapy
- Gene Induced Immunotherapy
- Oncolytic Virotherapy
- Gene Transfer
Segmentation based on End-User
- Hospitals
- Diagnostic centers
- Research Institutes
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Cancer Gene Therapy Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Cancer Gene Therapy Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Cancer Gene Therapy Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Cancer Gene Therapy Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Cancer Gene Therapy market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Cancer Gene Therapy market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Cancer Gene Therapy business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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